For Sale

228 Whitehorse Road, Balwyn VIC 3103

Prime Balwyn Village Freehold with Secure Income and Annual Growth

House

Type

Bedrooms

Bathrooms

Parkings

Published on Tuesday, September 15, 2026 ( See property details for 228 Whitehorse Road, Balwyn VIC 3103)

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Jie Zhang Sales Executive

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A prime commercial freehold in the heart of Balwyn's vibrant retail precinct offering secure income and excellent exposure.

🏡 Property Highlights

Prime location in Balwyn's bustling retail and dining precinct
Secure long-term lease with fixed annual rental increases of 4%
Established commercial property with high Whitehorse Road exposure
Currently leased as a restaurant with attractive income potential
Includes four on-site car spaces for convenience
Set on approximately 243sqm of Commercial 1 Zoned land

✨ Key Features

Garage
Outdoor Area
Built-in Robes
Open-Plan Living
Waterfront / Views
Security Screens / Gates
Fly Screens
NBN / High-Speed Ready
Extra Storage (Shed/Linen)
Fully fenced

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228 Whitehorse Road

Balwyn, VIC 3103

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Suburb and Property Insights of Balwyn, VIC 3103

Balwyn is a highly sought-after eastern Melbourne suburb renowned for its established shopping and dining precincts, excellent public transport links, and a strong community atmosphere. The area offers a vibrant retail scene, professional services, and easy access to amenities, making it an ideal location for both businesses and investors seeking a thriving commercial environment.

Frequently Asked Questions

What is the current lease term and rental income for this property?

The property is leased on a three-year term starting 1 December 2024, with a current contractual rental of approximately $60,320 per annum plus GST, with fixed annual increases of 4%.

What are the zoning details and land size of the property?

The property is set on approximately 243sqm of Commercial 1 Zoned land, offering flexibility for future development or use.

Are there any additional costs or outgoings for the tenant?

The tenant is responsible for 100% of property outgoings, excluding land tax.

What makes this location ideal for investment?

Its prime position in Balwyn's established retail and dining precinct, high exposure to Whitehorse Road, and excellent public transport access make it highly attractive for tenants and investors alike.

Is the property suitable for future redevelopment or expansion?

With its Commercial 1 zoning and substantial land area, there may be potential for redevelopment or expansion, subject to council approval.

What to ask about this property to agent?

Are there any existing planning restrictions or easements on the property that could affect future use or development? Has the property been inspected for structural issues or required repairs? Are there any upcoming changes or developments in the surrounding area that could impact the property's value or accessibility? What are the total costs involved in transferring ownership, including stamp duty and legal fees? Is there any history of flooding, bushfire risk, or other environmental hazards in the area? Are there any strata or body corporate arrangements applicable to this property? What are the terms of the lease, and are there any conditions that could change during the lease period? Are there any restrictions on signage or advertising on the property? Has the property been compliant with all local council regulations and permits? Are there any planned infrastructure projects or roadworks in the vicinity that could affect access or visibility?

228 Whitehorse Road, Balwyn VIC 3103 - More Details

Prime Balwyn Village Freehold with Secure Income and Annual Growth

Positioned in the heart of Balwyn's tightly held retail and dining precinct, this prominent two-level freehold presents an outstanding opportunity to secure a well-located commercial investment with excellent Whitehorse Road exposure.

Currently occupied as a restaurant, the property is leased on a three-year term commencing 1 December 2024, with two further five-year options. The lease commenced at $58,000 per annum plus GST and incorporates fixed annual rental increases of 4%, providing investors with attractive and consistent income growth.

The property comprises approximately 126sqm of building area across two levels, together with a substantial 30sqm covered awning and four on-site car spaces. Set on approximately 243sqm of Commercial 1 Zoned land, it enjoys an approximately 5.5 metre frontage to Whitehorse Road and a highly convenient position surrounded by established retailers, cafes, restaurants and professional services, with tram services immediately accessible.

Key Investment Highlights:
- Prime position in the heart of Balwyn's established shopping and dining precinct
- Current contractual rental of approximately $60,320 per annum plus GST*
- Fixed annual rental increases of 4%
- Three-year lease from 1 December 2024
- Two further five-year options
- Tenant responsible for 100% of property outgoings, excluding land tax
- Approximately 243sqm of Commercial 1 Zoned land
- Approximately 126sqm of building area over two levels
- Additional approximately 30sqm covered awning
- Four on-site car spaces
- Approximately 5.5 metre frontage to Whitehorse Road
- High-exposure position with excellent public transport access
- To be sold as a going concern

A rare opportunity to acquire an income-producing freehold in one of Melbourne's most established and tightly held eastern suburb commercial precincts.

*Rental information and property dimensions are approximate and should be independently verified.

Type: House
Bedrooms: 1
Bathrooms: 1
Parkings: 4
Area: 0.0

Map & nearby places — 228 Whitehorse Road, Balwyn VIC 3103

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228 Whitehorse Road, Balwyn VIC 3103

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